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Anybody else short US 30 Bond
- Thread starter richard_m
- Start date
The Bund was absolutely slammed into that close
Most of these Bloomberg reports you and I could write, they make it up by looking at a calander!Quote from ivanbaj:
Today there were only announcements. Why did the market react before and actual actions?
http://www.bloomberg.com/apps/news?pid=20601009&sid=aGQAc.LYUoa0&refer=bond
Quote from ivanbaj:
Briefing.com said "Bonds got spanked on the latest Fed buy of the mid-curve". Where is that reported? There were no actions today. How did the Fed buy the mid-curve?
Thanks!
That was a reverse auction. Part of the QE plan. You'll need a news service to hear that reported. It's being announced at around 10:02-10:03 central on the days of the auction
What news service do you use?
I found what QE means:
"Quantitative Easing (QE), which is frequently referred to as 'printing money.' In addition to prior asset-purchase programs, the Fed announced plans to buy an additional $750 bio of GSE mortgage-backed assets, between $100-200 bio in other government agency back debt, and $300 bio in US Treasuries, for a total of up to $1.25 trillion. Certainly the amounts are staggering and indeed the moves will result in a significant expansion of the money supply."
And even a better explanation here:
http://seekingalpha.com/article/128...ng-will-affect-bond-currency-and-related-etfs
I found what QE means:
"Quantitative Easing (QE), which is frequently referred to as 'printing money.' In addition to prior asset-purchase programs, the Fed announced plans to buy an additional $750 bio of GSE mortgage-backed assets, between $100-200 bio in other government agency back debt, and $300 bio in US Treasuries, for a total of up to $1.25 trillion. Certainly the amounts are staggering and indeed the moves will result in a significant expansion of the money supply."
And even a better explanation here:
http://seekingalpha.com/article/128...ng-will-affect-bond-currency-and-related-etfs
I sit in an office w squawk and have the bloomberg front end access. For those who don't here is today's buy back mostly 5 yr coupons as you can see.
http://www.newyorkfed.org/markets/pomo/display/index.cfm
and here is the schedule
http://www.newyorkfed.org/markets/operation_schedule.html
when you enter trading the curve newbies be careful there are a lot of people who have a lot more info than you and manipulate these markets. we as off floor non dealer traders have to try to cut through the bs and pick good levels and trade what we see not what we think.
My levels on the way down were 123.14 (retrace area of fed day), 123.105 and 123.055 so as it came down i bought em and puked (scratch to one tick loss) till it stopped then when it stopped I was long for the pop back up 12 don't get married to trades in this environment you will blow out fast.
http://www.newyorkfed.org/markets/pomo/display/index.cfm
and here is the schedule
http://www.newyorkfed.org/markets/operation_schedule.html
when you enter trading the curve newbies be careful there are a lot of people who have a lot more info than you and manipulate these markets. we as off floor non dealer traders have to try to cut through the bs and pick good levels and trade what we see not what we think.
My levels on the way down were 123.14 (retrace area of fed day), 123.105 and 123.055 so as it came down i bought em and puked (scratch to one tick loss) till it stopped then when it stopped I was long for the pop back up 12 don't get married to trades in this environment you will blow out fast.